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Pollard Banknote Ltd (PBL-T) operates in a stable industry characterized by high barriers to entry and consistent growth, having achieved about 6% growth annually over the past 30 years without experiencing a down year. The company has successfully pivoted towards iLottery, tapping into a different demographic that presents high margins. Despite recent challenges, including rising input costs and the loss of some contracts, the company is well-managed, with a strong insider ownership and improving margins. Analysts remain optimistic, with price targets suggesting potential upside, although some experts express concerns regarding volatility and the impact of recent decisions on growth. Overall, the company's operating history and strategic initiatives reflect a promising outlook in the lottery and gaming sector.
A little volatile, too much for her. Hasn't seen a recovery yet, after topping at $60 in mid-2021, but may be rolling over at the current $23. To boost growth, they are spending internally and buying companies, which has impacted their margins negatively. There's risky, upside potential, but she'd pass.
The second of three suppliers of lottery tickets. Costs soared post-Covid because of paper and ink costs, but new contracts will suppliers will lead to record top- and bottom-line growth. Recently they could not renew an electronic lottery contract, but won a contract with the state of Kansas. So, shares are bouncing back. Trading at only 7x EBITDA. (Brookfield paid for a competitor which had a 14x EBITDA.)
(Analysts’ price target is $35.75)If you own it, hold, but don't double down. Stable revenue growth, solid financial position. Good debt situation. For him, would need to show more significant revenue and cashflow growth. Would also help if it improved dividend yield. Losing a customer is definitely a risk.
Decent company. As a guy from Winnipeg, he wishes the Pollard family well.
Oligopoly, high barriers to entry. Fixed-price contracts have been renegotiated at significantly higher prices. Shares are in recovery mode. Starting to see much improved margins. Q1 was a record, and should generate record profits this year and next. Low end of valuation range, great time to buy.
#2 in the world in instant printed lottery tickets, huge barriers to entry. All customers are governments. Huge input costs affected fixed-price contracts, but contracts are now being renewed at much higher prices. Lottery business is booming. Leader in iLottery. Margins will improve significantly. Yield is 0.67%.
(Analysts’ price target is $29.75)It is the second largest supplier of printed lottery tickets and a leader in web based lottery tickets in the U.S. There are only three players allowed to sell printed lottery tickets for the government, all of which have trouble meeting demand. The only problem is the big increase in the costs of materials along with fixed price contracts with the government. However the new contracts are at higher prices so there should be a great increase in profits ahead. Margins should recover and do even better. Trading at 7X earnings.
A major core holding of his. Sports betting doesn't impact instant lottery tickets which is in fact booming. PBL leads in online lotteries. But shares got way overvalued because excitement over online lotteries and has come down (also due to higher raw costs like ink and paper). He sold then bought back shares. A high-quality, stable company. Drivers: an oligopoly of only 3 players, and governments constantly need revenues.
Pollard Banknote Ltd is a Canadian stock, trading under the symbol PBL-T on the Toronto Stock Exchange (PBL-CT). It is usually referred to as TSX:PBL or PBL-T
In the last year, 5 stock analysts published opinions about PBL-T. 1 analyst recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Pollard Banknote Ltd.
Pollard Banknote Ltd was recommended as a Top Pick by on . Read the latest stock experts ratings for Pollard Banknote Ltd.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
5 stock analysts on Stockchase covered Pollard Banknote Ltd In the last year. It is a trending stock that is worth watching.
On 2025-04-01, Pollard Banknote Ltd (PBL-T) stock closed at a price of $20.07.
Global tri-opoloy. High barriers to entry. Stable industry that's grown ~6% a year for 30 years, never a down year. New growth avenue of iLottery, which is very high margin with a different demographic base. Well managed, insider ownership strong, margins improving. Low valuation for high-quality company. Yield is 0.8%.
(Analysts’ price target is $40.33)